Are you considering buying a used car? Old
cars for sale are available a dime a dozen!However there are many
important factors to take into consideration; the price, warranty, the quality,
make, model and many more. It can be overwhelming.
Even if you manage to narrow down the factors,
you are still left with the task of getting the best deal from the used car.
Fortunately for you, we have just the right tips to ensure exactly that:
Research
Thoroughly
Meticulous research is necessary to get
the best deal from a car sale irrespective of whether it is second hand cars or new models you are
looking to buy.
When you have decided the model, make
and year of the car, you can then check on the specific factors like the
condition of the car, mileage it provides, etc.
Your location too can influence the car
price. Second
hand cars vary in their prices according to the cost of living in the
concerned region.
With proper research, details like the
selling price of the car you have chosen, the invoice price and the price you
are willing to pay for it can easily be decided upon.
Asking
Price
The advantage of used cars is you have
more room for negotiation. The value of new cars starts depreciating from the
moment the car is purchased. In about three years the price can reduce to about
60% of its original price. So for used car buyers this gives more leeway. You
can start the asking price at about 20% off and progress from there. Be
prepared to go over several rounds of negotiation until you get a reasonable
offer.
Consider
Multiple Dealers
When you shop for used cars at more than
one dealership, you will be able to know the differenceof the price of the
model you want to buy. This will ensure the better deal. Mentioning the lowest price
offered by another dealer can also help you get a better price offer.
See
the Bigger Picture
Consider the overall cost instead of the
amount you are paying. For instance, if you are paying in monthly installments,
the cost may seem affordable, but when you calculate the total amount you are
paying over a long term including the interest, the
amount will increase. So, you should consider the actual car cost and not the
amount you are initially paying.
Look
for Ways to Lower the Cost
One effective way to get a cheaper deal
is buying a discontinued car or one that is slow selling. These can come with
heavy discounts when compared to fast moving models.
If you are considering trading in,
mention it only after the negotiation is done. Make sure you have done the
research on old cars for sale of the
model you want to sell. This will give you a better price. With said tips, you
can smartly negotiate and get the best deal for the car you want to buy.
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